When the state Department of Environmental Protection upgraded design standards for Marcellus Shale water impoundments in early 2011, Range Resources had just completed construction of eight centralized frack ponds in the previous two years using now-outdated technology.

E&Ps Locking in Cash Flows and Sales Prices OPEC’s agreement to cut production levels has kicked off a rush among shale oil companies to hedge their oil price risk above $50 for 2017 and 2018. The number of E&Ps selling oil for delivery next year has pushed the WTI forward curve into slight backwardation after two years of contango. Compare[Read More…]